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Real Estate Loans
Mortgage Partners
We realize that “one size does not fit all” in the real estate
world. To offer you, our member, the WIDEST variety of loan programs, at
the best rates, we have struck up alliances with several full-service, trust-worthy,
mortgage companies.
They have loan programs available for first time buyers to reverse mortgages
for retirees, from FHA (government loans) to jumbo. Whatever your budget,
they have a loan that’s right for you.
Your trip to home ownership starts at AM Federal Credit Union. Upon the completion
of an initial interview, you are assigned a personal loan consultant who
will answer your questions and assist you during the process of obtaining
a loan. When your mortgage is funded, your payment can easily be deducted
from your AMFCU savings or checking account.
Whether you are buying a home, refinancing your existing home loan, or want
to make improvements to your home, AM Federal Credit Union can help!
Refinance Your Home Mortgage
Refinancing your existing mortgage could mean substantial savings for you.
Refinances are done usually to lower your existing interest rate but also
can be done to get "cash out" of your equity to consolidated other
existing debt, do home improvements or for other productive purposes.
Dream Achiever Home Equity Line of Credit
You deserve the best in life. Whether this means an exotic vacation, a new
car, or even paying for college tuition, your American Dream is closer than
you think. With our Home Equity Line of Credit (HELOC), you can use the equity
in your home to purchase just about anything you want.
Because a HELOC is secured by your home, this line of credit is available
at a competitive rate. Compare this to department store credit cards and
other lenders, and you’ll quickly see that it’s the smart way
to borrow. In addition, the interest on a HELOC may be tax deductible. (Consult
your tax advisor.)
When you wish to access your funds, simply write a check! You only pay interest
on the amount outstanding on the line (much like how a VISA works). As soon
as you pay the balance back, the amount becomes available for your use again.
• No hidden fees
• No points
• Borrow up to 100% LTV
• Minimal out-of-pocket expenses
• 10 year draw, 10 year payback
• Lower your rate by taking a $7,500 initial advance
• Also available: fixed rate 8.375% APR* Second Trust Deed
Click for current rates
Apply now
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